v3.26.1
SUBORDINATED LIABILITIES
6 Months Ended
Jun. 30, 2026
Subordinated liabilities [abstract]  
SUBORDINATED LIABILITIES 23. SUBORDINATED LIABILITIES
30 June 2026
31 December 2025
£m
£m
£325m Sterling preference shares
343
343
Undated subordinated liabilities
204
205
Dated subordinated liabilities
2,005
1,484
0
2,552
2,032
In H1-26, no debt securities and subordinated liabilities were repurchased, (H1-25: £3m loss).
Dated Subordinated liabilities increased mainly due to the acquisition of TSB, as set out in Note 29.